March 12, 1982
CBP MEMORANDUM
| TO | : | All Commercial Banks Authorized to Engage In Expanded Banking Activities, the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines (LBP) |
Pursuant to Monetary Board Resolution No. 188 dated January 29, 1982, the following guidelines shall govern availments against the special credit facility of the Central Bank for medium and long-term financing to commercial banks authorized to engage in expanded banking activities (unibanks), the DBP and the LBP as embodied under Circular No. 846 dated February 1, 1982:
SECTION 1. Purpose
The special credit facility shall be granted to provide financial assistance to viable industries engaged in high priority activities and for investments by the abovementioned banks in equities of subsidiaries/affiliates and other firms as authorized under the unibanking law. This financial assistance may also be utilized for investments by the said banks in high grade shares listed in the stock exchanges as may be determined by the Central Bank in consultation with the Securities and Exchange Commission (SEC). LexLib
SECTION 2. Eligible Projects/Equity Investments
Projects eligible for this special credit facility...
